37,591 Shares in Ares Management Corporation $ARES Purchased by Rothschild Wealth LLC

Rothschild Wealth LLC purchased a new stake in shares of Ares Management Corporation (NYSE:ARES) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 37,591 shares of the asset manager’s stock, valued at approximately $6,076,000.

A number of other large investors have also made changes to their positions in the company. Founders Financial Securities LLC bought a new stake in shares of Ares Management during the 4th quarter valued at about $209,000. MUFG Securities EMEA plc bought a new stake in shares of Ares Management during the 4th quarter valued at about $1,365,000. Texas Yale Capital Corp. bought a new stake in shares of Ares Management during the 4th quarter valued at about $239,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Ares Management during the 4th quarter valued at about $7,745,000. Finally, Forsta AP Fonden grew its stake in shares of Ares Management by 0.4% during the 4th quarter. Forsta AP Fonden now owns 48,800 shares of the asset manager’s stock valued at $7,888,000 after purchasing an additional 200 shares during the period. 50.03% of the stock is currently owned by institutional investors.

Ares Management Stock Up 0.2%

ARES stock opened at $128.75 on Monday. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock has a market cap of $42.47 billion, a P/E ratio of 59.89, a PEG ratio of 1.13 and a beta of 1.51. The business’s 50-day moving average price is $115.44 and its 200-day moving average price is $136.10.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. On average, equities research analysts forecast that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s payout ratio is presently 251.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and cut their price target for the company from $182.00 to $155.00 in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Barclays boosted their price target on Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Raymond James Financial upgraded Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target for the company in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.56.

Ares Management Profile

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.